Warrants (Tables)
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6 Months Ended |
Jun. 30, 2020 |
Warrants [Abstract] |
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Summary Of Warrants Outstanding |
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Number of Warrants:
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Warrant Issuance
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June 30, 2020
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December 31, 2019
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Exercise Price
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Expiration Date
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Liability-classified Warrants
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November 2015 Investors
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104,168
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104,168
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$
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63.60
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May 2021
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November 2015 Placement Agent
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279
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279
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$
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63.60
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Nov. 2020
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March 2016 Investors
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50,651
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50,651
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$
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50.40
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Sept. 2021
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September 2016 Investors
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67,084
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67,084
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$
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36.00
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Mar. 2022
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June 2017 Investors
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126,264
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126,264
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$
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48.00
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Dec. 2022
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June 2017 Placement Agent
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15,153
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15,153
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$
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49.50
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June 2022
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October 2017 Investors
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136,058
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136,058
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$
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34.20
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Apr. 2023
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October 2017 Placement Agent
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16,327
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16,327
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$
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36.72
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Oct. 2022
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Total liability classified warrants
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515,984
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515,984
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Equity-classified Warrants
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October 2018 Investors
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480,771
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480,771
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$
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20.04
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Apr. 2024
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October 2018 Placement Agent
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28,848
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28,848
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$
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19.50
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Oct. 2023
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January 2019 Investors
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895,886
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895,886
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$
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9.60
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Jan. 2024
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Total equity-classified warrants
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1,405,505
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1,405,505
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Total outstanding warrants
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1,921,489
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1,921,489
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Summary Of Changes In Warrants Outstanding During The Period |
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Number of Warrants
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Liability-classified
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Equity- classified
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Total
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Weighted average exercise price
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Balance, January 1, 2020
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515,984
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1,405,505
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1,921,489
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$
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22.10
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Issued during the period
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-
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-
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-
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$
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-
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Exercised during the period
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-
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-
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-
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$
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-
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Expired during the period
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-
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-
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-
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$
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-
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Balance, June 30, 2020
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515,984
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1,405,505
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1,921,489
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$
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22.10
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Schedule Of Fair Value Of Warrants Issued |
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Fair Value as of:
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Warrant Issuance:
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June 30, 2020
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December 31, 2019
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November 2015 Investors
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$
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3,286
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$
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55
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November 2015 Placement Agent
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-
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-
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March 2016 Investor
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6,362
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439
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September 2016 Investors
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28,765
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3,196
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June 2017 Investors
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83,463
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11,736
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June 2017 Placement Agent
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6,348
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845
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October 2017 Investors
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129,299
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23,772
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October 2017 Placement Agent
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11,288
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1,674
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Total:
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$
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268,811
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$
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41,717
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Schedule Of Assumptions Used In Calculating Fair Value Of Warrants |
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June 30, 2020
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December 31, 2019
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Trading market prices
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$
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2.84
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$
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1.91
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Fundamental transaction volatility
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134
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%
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102
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%
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Dividend
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-
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-
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Fundamental transaction risk-free rate
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0.17-0.21
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%
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1.57-1.72
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%
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Equivalent volatility
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92-103%
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%
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85-94
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%
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Equivalent risk-free rate
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0.16
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%
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1.57-1.59
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%
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Fundamental transaction likelihood
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90
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%
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50
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%
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Fundamental transaction timing
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September 2020
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April 2020
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Schedule Of Unrealized Gain/(Loss) On Fair Value Of Warrants |
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For the Three Months Ended June 30,
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For the Six Months Ended
June 30,
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2020
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2019
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2020
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2019
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November 2015 Investors
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$
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(2,315)
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$
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27,069
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$
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(3,231)
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$
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224,153
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November 2015 Placement Agent
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-
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55
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-
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435
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March 2016 Investors
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(5,122)
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32,874
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(5,923)
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147,673
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September 2016 Investors
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(14,126)
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72,213
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(25,569)
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290,082
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June 2017 Investors
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(53,099)
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129,559
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(71,727)
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517,950
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June 2017 Placement Agent
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(3,774)
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14,553
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(5,503)
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56,464
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October 2017 Investors
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(83,121)
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135,125
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(105,527)
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631,626
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October 2017 Placement Agent
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(7,145)
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16,035
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(9,614)
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72,471
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Total:
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$
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(168,702)
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$
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427,483
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$
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(227,094)
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$
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1,940,854
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